Dubai Municipality said on Monday that it was ring-fencing AED2.5bn ($680m) of its budget for 2010 to complete construction projects in the emirate.

Hussain Nasser Lootah, director general of Dubai Municipality said that the municipality had approved a total budget of AED4.393bn for the current year.

He said municipality income was expected to reach AED4.865bn, leading to a surplus of up to AED472m for 2010.